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9 Dec 2006, 02:35 (Ref:1785581) | #1 | |||
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V8's hit with a Salary Cap
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Interesting |
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9 Dec 2006, 02:48 (Ref:1785585) | #2 | |
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i have no problems with this as a theory. how will it be enforced will be the question. maybe GTR is looking for a move from PMM to V8SA. I would imagine most of a drivers wage will be considered a marketing expense.
the potential penalties concern me. loss of all points for a year, starting negative next year, cash fine, the possibilities are endless. and you know TW is going to push this to the N'th degree |
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9 Dec 2006, 03:02 (Ref:1785592) | #3 | |||
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drive your dollar further
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more torque than a climate change conference |
9 Dec 2006, 03:07 (Ref:1785594) | #4 | |
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not quite what i meant. we know that he pushes the rules toi the absolute limit, and im not sure V8SA have the resources to keep him under control on this
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9 Dec 2006, 03:09 (Ref:1785596) | #5 | |
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Maybe the price of certain things will be discounted..
Ie. the staff at HRT go onto Holden Australia's payrolll instead of HRT's... and the FPR staff become staff of Ford Australia that just happen to go racing on the weekends... |
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... without motorsport, what is sport? |
9 Dec 2006, 03:17 (Ref:1785597) | #6 | ||
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or the drivers are given a few shares so they become "owners" instead of drivers.......theres a million way round salary caps.
If they phone any NRL Team they can probably learn another million. |
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9 Dec 2006, 03:45 (Ref:1785601) | #7 | ||
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It still makes it easy for the big teams a they can share staff.
Also, how will drivers salaries that come from the manufacturer be included? Lowndes gets $1 million from Ford and $300,000 from 888 for example. Is the $1 million from Ford included?? |
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Tranquillity - What happens inside Shane's race car. Chaos - What happens outside Jamie's race car. |
9 Dec 2006, 03:56 (Ref:1785605) | #8 | ||
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Yes of course it is.
The thought of Skaifey starting every every Race 1 from 31st, instead of his usual efforts in R1 ensuring he starts from P31 in race 2 should be enough to keep Walkinshaw Performance in line. |
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FALCON UNBELIEVABLE |
9 Dec 2006, 04:55 (Ref:1785630) | #9 | ||
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Cant say I agree with this move. Time will tell how long it lasts.
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Upon entry into the Bathurst 1000, it should be mandatory to view the compelling "Moffat - Man and the Mountain" film |
9 Dec 2006, 06:27 (Ref:1785694) | #10 | |
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So you blow up a couple of extra engines or have a couple of big crashes - do you get an allowance for that? IMO cost cutting only ever means the same money gets moved to another area.
I reckon it'll be unenforcable and unworkable. But it will allow TEGA / VESA to employ a few more mates at the expense of the teams, sponsors and fans. And now their's drug testing in chess! Where does it all end? Kramer |
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9 Dec 2006, 06:36 (Ref:1785700) | #11 | |||
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Quote:
Will VESA start demanding to have a look at Ford Australia's books |
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"The Great Race" 22 November 1960 - 21 July 1999 |
9 Dec 2006, 06:38 (Ref:1785701) | #12 | |||
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Under the Rugby League model all income from the club, related entities and club sposnors count under the salary cap. Just say the Knights are sponsored by Coal & Allied (well we are!) and say Coal & Allied want to get Andrew Johns to appear on an advertisment to tell the world that their coal is the best in the world. Andrew's agent then negotiates a private fee as a single player is not included in club Intellectual property rights. The knights then get that included on salary cap limits. Their is a full time auditor Ian Schubert that has the ability to examine all financial records of any club. Most of us run things past him before they happen and he is quite reasonable. We wanted to be able to supply the food for the players during training days but technically it could be seen as a benefit to them so he had to sign off that it was a football performance measure and not an inducment to play. From time to time he will see a player in an ad or brochure and write to us with a please explain and if we cant we get pinged. I prefer the model that would see teams be able to spend whatever they want but they are "taxed" by the organising body for all expenditure over a level and that is redistributed to the teams that dont breach that level for example. Cap = $5 Mil Tax = 0-$1 Mill 20%, $1-2Mill 40%, $2Mill-4 60%, $4Mill+ 100% So team A spends $8 Mill Team B spends $6.5 Mill Team C spends $5 Mill Team D spends $3 Mill Under that Team A would pay $1.8 mill (60% of 3 mill) team B would pay $600K (40% of 1.5Mill) and teams C & D would recieve $1.2Mill each (2.4 Split) equally amongst the teams not breaching the cap. (means a great xmas party) It leads to greater transparency as the consequences are not as great as exlcusion or million dollar fines and actually empowers the smaller teams with some cash. It allows the have's to keep going but with penalties and at a point that spend becomes overly negative. It is an economic rationals solution. From a non rational, non economist |
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An ex wannabe try hard race team owner (now broke) |
9 Dec 2006, 09:48 (Ref:1785755) | #13 | ||
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If it is a step in the direction of creating REAL parity... i recon it should be welcomed with open arms. The thing is, i dont think that it is
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Cheers, Marty Go the Datto!!! |
9 Dec 2006, 10:52 (Ref:1785774) | #14 | ||
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But what will stop, for example, "Perkins Engineering", "Triple 8", or "Skaife Sports" spending money for "Jack Daniels Racing", "Vodafone Racing", and "Holden Racing Team".
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9 Dec 2006, 13:11 (Ref:1785830) | #15 | |||
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For what its worth, I am against this 100%. V8 Supercars should be about the pinnacle of racing, engineering and people in this country (as it basically is now). Instead, they want it to be the pinnacle of accounting.
The overhead of this exercise should make it infeasible. At what point will there be no incentive left for teams to compete? The more freedom you remove from the paddock, the more it becomes a marketing exercise. I know this isn't alot better than what they are already planning to do, but what about somehow banning manufacturer support? That seems to be the real issue that the smaller teams are complaining about. Quote:
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Phil Mills: 30, 6-Left-Plus Over-Crest-Long, Opens-Over-Crest 100, COW-COW, 100, 6-Left-Minus Extra-Long Fabrizio Giovanardi: I have like a banana - is the yellow car in front - that make me, you know, running like the monkey, running for the banana. When I see yellow in front, I just pushing harder and harder. I want that banana. |
9 Dec 2006, 19:52 (Ref:1785973) | #16 | ||
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Great post Ross.....cant see why a similar system couldnt work in V8SC....if it is deemed to need a Salary Cap!!....for mine it would be pay what you need to go faster - if you cant pay you go slower!
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9 Dec 2006, 20:09 (Ref:1785979) | #17 | |
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"The operating fund will cover everything from driver salaries to the cost of running a racing operation, but it will not apply to spending on promotion and marketing."
Well there's a terrific loophole, for a start! Define "promotion and marketing"? Let me give just one example; The driver gets paid, say, $100,000 from the team for driving. But he gets paid $700,000 for "promotional & marketing" duties from the manufacturer or sponsor etc. Or what about this one; Tell me the difference between racing in the championship, or racing for "promotional and marketing" purposes? Some team could say it has a budget of, say, $3 million for competing in the series and another $8 million for competing in a "promotional & marketing" program - which just happens to coincide with the races. If they think the shrewd operators are going to meekly comply with the "cap", they are dreaming. |
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9 Dec 2006, 21:29 (Ref:1786015) | #18 | |||
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the loop holes
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The wages/promotion issue is addressed by the AFL & policed - go & research its application in the AFL, google it The biggest problem for most teams is raising the budget. |
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more torque than a climate change conference |
9 Dec 2006, 22:51 (Ref:1786061) | #19 | ||
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I would assume then, that a standardised and transparent accounting system will be applied to all?
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Damn! I knew that Pole Dancing could be technical, but never to THAT degree! |
9 Dec 2006, 23:41 (Ref:1786086) | #20 | ||
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How did the Western Force openly pay Mat Giteau X and he gets 1.5 mil?
I then have to ask - are "Donations" to a person/team then permitted? I like your idea, Ross. I think it could work with most sports. I have to ask, is this an ideal cost cutting measure, OR is it the end of marketable and intelligent engineers in VESA? Becuase some of these guys could earn millions in open wheelers or NASCAR. I guess with the onset of control components we don't need ace engineers anymore, eh? |
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10 Dec 2006, 08:00 (Ref:1786529) | #21 | |||
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get a pro ....
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Ross Oakley brings to bear his AFL experience & both the rugby codes play second fiddle ... compare the dollars paid for the TV rights & soccer cant yet make it on to free to air. Drivers wages are more likely to feel the razor than the engineers - V8 drivers have no international value & the market will dictate, particularly with both Ford & GM struggling internationally. Salary caps are only as good as those who police them. Last edited by cavvy; 10 Dec 2006 at 08:02. |
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more torque than a climate change conference |
10 Dec 2006, 15:45 (Ref:1786869) | #22 | ||
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. . . »-(¯`v´¯)-»........................The retro report........................©®»-(¯`v´¯)-» ê¿~ Disclaimer; the above is pure speculation and only posted for entertainment purposes!!! |
10 Dec 2006, 18:11 (Ref:1786952) | #23 | |||
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10 Dec 2006, 21:18 (Ref:1787096) | #24 | |||
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by the way i think the A1gp also has a bigger audiance worldwide than the V8s do they also dont lie about crowd attendance, the cochroach must be dissapointed that phillip islands attendance didnt top last years despite his attempts at manufacturing the result for more bums on seats |
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Fords beating Gm for Over a Hundred years they even beat Ferraris just ask Enzo |
10 Dec 2006, 21:23 (Ref:1787102) | #25 | ||
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i dont think the cap is going to change the TWR situation hes always been good at bending rules and getting away with it and if he doesnt get away with it i think hell just drive it into the ground like he did with arrows
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Fords beating Gm for Over a Hundred years they even beat Ferraris just ask Enzo |
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